According to a new report, published by KBV research, The Global Inkjet Coders Market size is expected to reach $2.6 billion by 2029, rising at a market growth of 5.3% CAGR during the forecast period.
The TIJ Coder segment is showcasing a CAGR of 6.1% during (2023 - 2029). The increase can be attributed to several advantages, including cheap maintenance costs, excellent print quality & resolution, and less volatile organic compounds (VOC) production. Additionally, these coders have sealed cartridge-based ink supply systems that make replenishing simple and eliminate the danger of leaks. Since end customers prefer purchasing these coders, the market for inkjet coders is expected to grow over the upcoming years.
The Food Industry segment is leading the Global Inkjet Coders Market by Application in 2022 thereby, achieving a market value of $606 million by 2029. As more food products are produced and processed every day, the food industry vertical is predicted to present solid growth possibilities for all companies along the value chain. Consumers can read labels and understand what they are eating due to marking & coding in the food business. Nutritional data, alcohol content, expiration dates, and potential allergies are all encoded on the package.
The Europe market dominated the Global Inkjet Coders Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $857.4 million by 2029. The Asia Pacific market is exhibiting a CAGR of 5.7% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 5.1% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/inkjet-coders-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Markem-Imaje (Dover Corporation), ANSER CODING INC., ITW Diagraph (Illinois Tool Works), KGK Jet India Private Limited (KGK Jet), Kiwi Coders Corporation, Linx Printing Technologies (Danaher Corporation), Shanghai Rottweil Handyware Printing Technology Co., Ltd, Squid Ink Manufacturing, Inc. (Engage Technologies Corporation), Xaar plc and ID Technology LLC (ProMach Inc.).
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